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Author Topic: How long are BTC transactions taking?  (Read 1728 times)
hous26 (OP)
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July 30, 2017, 07:01:51 PM
 #21

I'm new to this but I think its working.  I received an email from Coinbase saying I sent BTC to the wallet address.  Coinbase now shows a transaction ID and that 1/6 confirmations are complete.  Poloniex shows the deposit of the correct amount of BTC and it says "COMPLETE" in green.  I only have 1 confirmation so I dont know how Poloniex shows its complete.  Should I sit back and do nothing until all 6 confirmations are complete or can I list them on the exchange?  I want to buy altcoins with the BTC.

However, you cannot see the tx id below your transaction of btc wallet. It will take the 1 or even more to complete the transaction. This issue was ongoing from the July 26th onwards.
Please wait till August 1st to send any bitcoins from the Coinbase wallet. They do not Bitcoin cash option also like blockchain.

It took 15 hours for me to send from Coinbase to Poloniex wallet.  The BTC is now there and I can trade on it.
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July 31, 2017, 02:22:34 PM
 #22

You bought coins at the worst time we are all waiting for segwit and due that many exchanges have disabled to make any deposits or withdrawals from their wallet unless and until this segwit doesn't happen properly. You may see you bitcoins after 2nd of august
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July 31, 2017, 08:56:56 PM
 #23

I'm new to this but I think its working.  I received an email from Coinbase saying I sent BTC to the wallet address.  Coinbase now shows a transaction ID and that 1/6 confirmations are complete.  Poloniex shows the deposit of the correct amount of BTC and it says "COMPLETE" in green.  I only have 1 confirmation so I dont know how Poloniex shows its complete.  Should I sit back and do nothing until all 6 confirmations are complete or can I list them on the exchange?  I want to buy altcoins with the BTC.

However, you cannot see the tx id below your transaction of btc wallet. It will take the 1 or even more to complete the transaction. This issue was ongoing from the July 26th onwards.
Please wait till August 1st to send any bitcoins from the Coinbase wallet. They do not Bitcoin cash option also like blockchain.

It took 15 hours for me to send from Coinbase to Poloniex wallet.  The BTC is now there and I can trade on it.

Good thing you received it already though it took hours for you to received it, sometimes blockchain can be very traffic specially when most of the people are having their transaction.
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August 01, 2017, 03:40:46 AM
 #24

You bought coins at the worst time we are all waiting for segwit and due that many exchanges have disabled to make any deposits or withdrawals from their wallet unless and until this segwit doesn't happen properly. You may see you bitcoins after 2nd of august

Yeah its true. As many advises us to restrain from deposits and withdrawals before, during and after the activation as our coins may be lost in the system. It has no assurance that it can be back to us or not. Well I hope your coins can be back to your wallet after the activation.

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hous26 (OP)
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August 01, 2017, 03:58:30 AM
 #25

Thanks guys but I received the BTC and already traded it for altcoins.  I don't want to hodl BTC for BTCC.
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August 01, 2017, 04:27:29 AM
 #26

You bought coins at the worst time we are all waiting for segwit and due that many exchanges have disabled to make any deposits or withdrawals from their wallet unless and until this segwit doesn't happen properly. You may see you bitcoins after 2nd of august

Yeah its true. As many advises us to restrain from deposits and withdrawals before, during and after the activation as our coins may be lost in the system. It has no assurance that it can be back to us or not. Well I hope your coins can be back to your wallet after the activation.
He sends on the 30th so can be able to transact and now he has received his bitcoin, I think it's because of the problems that exist in the coinbase itself, they say there is a transaction delay

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Eminem23
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August 01, 2017, 05:44:31 AM
 #27

You bought coins at the worst time we are all waiting for segwit and due that many exchanges have disabled to make any deposits or withdrawals from their wallet unless and until this segwit doesn't happen properly. You may see you bitcoins after 2nd of august

Yeah its true. As many advises us to restrain from deposits and withdrawals before, during and after the activation as our coins may be lost in the system. It has no assurance that it can be back to us or not. Well I hope your coins can be back to your wallet after the activation.
He sends on the 30th so can be able to transact and now he has received his bitcoin, I think it's because of the problems that exist in the coinbase itself, they say there is a transaction delay

Today I sent a payment from the purse blockchain.info. The transaction was confirmed very quickly 2-3 hours. The commission established an average.
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August 01, 2017, 05:56:08 AM
 #28

I think the transactions are getting confirmed faster than before because a few minutes ago I saw that the pending transactions were 900+ and now it is around 750 so even if we are considering the new transactions, I think that the confirmation time is reduced to few minutes and transactions are getting confirmed faster than ever before, I believe that recent update caused this improvement.
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August 01, 2017, 07:01:45 AM
 #29

Bitcoins are receiving a lot of load because many people have started using Bitcoins. More the number of users more load it's servers will face. Another reason for late confirmation might be the low fees paid by you. The more fees you pay the more faster your transactions will be confirmed

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August 16, 2017, 10:30:49 PM
 #30

It takes like minutes-hours-days It just really depends to the traffic (if the system overloaded)
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August 17, 2017, 09:17:08 AM
 #31

I bought some BTC on Coinbase last night and had it sent to Poloniex.  I know the BTC wallet address was accurate.  Its still pending 11 hours later and doesn't show up in the Poloniex deposit/withdrawal history.  Any clue on how long BTC transactions are taking?

I think 11 hour its lot of time, btc transaction dont have a exact time , it only depend on confirmation number and fee (more pay for fee faster transaction)
Personally i use blackchain and localbitcoin wallet, and in max 1 hour the transaction its confirmed
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August 17, 2017, 09:38:16 AM
 #32

I bought some BTC on Coinbase last night and had it sent to Poloniex.  I know the BTC wallet address was accurate.  Its still pending 11 hours later and doesn't show up in the Poloniex deposit/withdrawal history.  Any clue on how long BTC transactions are taking?

I think 11 hour its lot of time, btc transaction dont have a exact time , it only depend on confirmation number and fee (more pay for fee faster transaction)
Personally i use blackchain and localbitcoin wallet, and in max 1 hour the transaction its confirmed

I think the timeframe of this post is different right now so different strategies could be used. And yeah you fee could tell you how fast the transaction is. But for me i traded small amounts like .007 or.003 to some sites but paid .001. I know fees are robbing us but what could we do about it? We cant just whine and let them adjust to us. Sometimes we should accept its changes and adapt to it. So for me every time i trade i pay .001 and i receive it in 1 hour or lesser with that kind of fee.
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August 17, 2017, 10:48:27 AM
 #33

Last few days it took a little big longer for transactions to performe, think that the network was a bit busy. But there is no unique rule on transactions time confirmation, it could be within half an hour or few hours, it could depend also on the fee you have used. Anyway, if the time takes to long you can always try with transaction accelerator.

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August 17, 2017, 01:43:32 PM
 #34

I bought some BTC on Coinbase last night and had it sent to Poloniex.  I know the BTC wallet address was accurate.  Its still pending 11 hours later and doesn't show up in the Poloniex deposit/withdrawal history.  Any clue on how long BTC transactions are taking?
Sometimes its take much time to be the transaction will process. That's normal sir that its pending in 11 hours because I tried poloniex also. There some times that they pending your bitcoin. If you can cancel it, please cancel it then try to do it again but if you cannot cancel, may be you should wait upto 10 days and past a ticket to them. I say that because I experienced that already.
Maybe you need to find another btc wallet that is not delayed in their transaction, you can try xapo or blockchain, you must use trusted bitcoin wallets and those wallet that are not having some problems like that, here in the Philippines, coins.ph is not delay, sometimes it is delivered ahead of time, they have a fast transaction.
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August 17, 2017, 02:42:01 PM
 #35

Last few days it took a little big longer for transactions to performe, think that the network was a bit busy. But there is no unique rule on transactions time confirmation, it could be within half an hour or few hours, it could depend also on the fee you have used. Anyway, if the time takes to long you can always try with transaction accelerator.
He seemed to have traded a Bitcoin amount on July 30 or 2-3 days earlier. I think that, close to August 1, the Bitcoin split event will take place, so many people will withdraw Bitcoin on personal wallet so congestion will take place and long waits to be verified, even up to a day. Transaction fee is also a part. At present, transaction fees are quite high, if you let the transaction fee low, the transaction will take a lot of time, especially when trading a large amount of Bitcoin
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August 18, 2017, 03:13:05 AM
 #36

I bought some BTC on Coinbase last night and had it sent to Poloniex.  I know the BTC wallet address was accurate.  Its still pending 11 hours later and doesn't show up in the Poloniex deposit/withdrawal history.  Any clue on how long BTC transactions are taking?
I think the problem is on poloniex,
Many people complained they had problems with deposits, withdrawals and support ticket in poloniex
So I suggest do not use Poloniex if you want to trade Wink
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August 18, 2017, 03:25:51 AM
 #37

Once segwit comes it will slowly get cheaper.
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August 18, 2017, 03:28:02 AM
 #38

It depends if the system is overloaded or not it can take to 48 hrs or more (who knows).
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August 18, 2017, 08:17:58 AM
 #39

It can take up to 20 minutes (usually less) from the time digital money gets transferred to the time this transaction is verified. Exceptionally, it may take up to an hour for your transaction to be confirmed, depending on amount and network conditions
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August 18, 2017, 08:59:52 AM
 #40

I bought some BTC on Coinbase last night and had it sent to Poloniex.  I know the BTC wallet address was accurate.  Its still pending 11 hours later and doesn't show up in the Poloniex deposit/withdrawal history.  Any clue on how long BTC transactions are taking?

The transaction time depends on its priority, and what you pay for each transaction speaks for itself. However, according to my understanding, coinbase always pays pretty high fees for transactions, if they have sent it, you will get notice in a short time. The only answer here is that they have not yet made that transaction.

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